Cosmic's MarketPlace Wrap - 3/15/2011

[cosmic]

How Doomy was that? I guess not AS doomy as it could have been... Caught up almost 150 points there or so into the close.

I made a few trades!

Covered some H1 Emini that I had shorted a long time ago in the 1270's... I didn't even look at the account I'm glad it didn't have a margin call while we were up in the 1340's. After covering for an actual profit (there was only 1 other day during the holding period I could have gotten out unscathed), I bought in the 1250's. Sold all of them off at 3 intervals today for a nice profit.

I added a SPY spread at the close.

I didn't buy any big names yet as I don't think we're done going down and it will take weeks to hit our low low, which is just above the Flash Crash zone (MP's 1150-1160). So will wait for that carnage, but always leave open the possibility that the Fed Stops the Drop.

Hope everyone made some money today or at least didn't get wiped out by the bad news. Members, please post your results along with your RDA of smileys!

[Clinton SPX]

I caught an oily knife 3 min before the close
Long MXC, Im up 1% in 3 min hehe

look for oil to drop to 90 now

[maxi]

bought some HK basically even.
holding HAL
FCX up over 5% today I am up over 7% on my shares.
That OPK buy from yesterday is down but it is not a big deal since I only own the tiniest amount.
market is full of surprises. When I woke up this morning I was down quite substantially. Now down .07%

[demanuel2001]

Stared into the abyss and almost crawled all the way out of it. Down generally. Scalped LVS a few times. Bought a little more EWJ. Overall down about 1.5% of portfolio value today - not good but better than it was.

[mihai]

Bought 510 TZA for 42.97. I'm relapsing :/.
Won't hold for more than 2 days.

Some 'I wishes' of the day, on my watch list:
PAL opened at 5.50 went to 6.20
RAME would've been a good call (1.86 open to 1.98 in last 15 mins spike)
No idea why PEET moved up 9%.
Solar did incredible (FSLR, CSIQ, TGE, all 7%+)

[papasloth]

I haven't been much affected by the Japan crash over the last couple of days. My SVNT and TIVO positions are down a little, and my LDK position is up. I was a little nervous last night with the Nikkei being down another 11% and the DAX down over 3%, but after all that, I'm even for the day and up a little for the week.

Took advantage of the 2:00-2:30 margin covering selloff to short some SVNT Apr. 9 puts. Only got around .17/sh average, so still not a great entry, but it's better than nothing.

Here's hoping the Japanese get a grip on their reactors soon! Like the earthquake and the tsunami weren't bad enough, now they have this crap to deal with. On the positive side, if there is a positive side, at least this will shift their economy up a few notches while they're rebuilding.

[kbk3ck]

Added more ERX and GLNG late in the day.

[deadmoney95]

As a FAS and TYH bag holder, I never post here because all I do is hold my bag.

But I set up another non-bag holding account about 3 weeks ago, which I immediately turned into a partial bag holding account because that is my wont.

but because it's only partial, had enough dry powder to double down on FAS this morning at 27.43 and ride it up until stopped out on half at 28.83.

if i trade again I'll post here, good or bad result, because i like the discipline of trying to avoid describing a bonehead play. (a lie, because I clearly revel in my bag-holding status).

i also handed out 5 exalts, i think. and learned a lot from brosin and a lot of others on bros's fomc thread.

[bellevuetrader]

Can't wait for the rest of the week to unfold! Made some $ on FAZ, got stopped out, lost a litte, sold HERO for a 3% loss. Funds can be put towards better trades to make more $! I'm in the commod/brosin camp...will look at a good entry tomorrow on shorts!

[timber]

shorted more scams.....faz vxx and tza is all....i just hold these short until they out-law these pos's

[jack]

Rang the bell on my GE for some green...becoming increasingly inclined to take profits when I see 'em lately for some reason....

[Rothschild]

Ouch! Ouch! I got scared out of a trade today! Soxl sold for a loss an 11% loss to be exact. I saw the Nikkei get WHACKED and it rattled my cage. It is all part of the fortunes of war I guess. We all must take the good with the bad Hoping for better days ahead while I lick my wounds

Hope everyone made a bundle and will continue to do so ad infinitum

[benvestor]

I sold my SLV puts yesterday.. wtf i thought it was a bearflag there, but noooo i had to get spooked off my trade, and then this happens.. should have followed Asks lead..

just taking care of the family over here.. i did go long on a morning sleep in session around 7 am
almost bought calls but pillow was more temping then the market


Gl guys this was my hold spot..market battle is heating up..

[ccash04]

stopped out of last bit CLF options for like 10% loss, made up for it by BTFD on AGU call spread, rolled all options out to April.

still holding june put spread on NFLX though thinking bout making it a short butterfly or adjusting it slightly as it went from profitable to paper loss today.

im getting an itchy finger to get back into SLW via short puts or what-have you.

[maxi]

Mar 15, 2011 15:30:26 GMT -5 mihai said:

Bought 510 TZA for 42.97. I'm relapsing :/.
Won't hold for more than 2 days.

Some 'I wishes' of the day, on my watch list:
PAL opened at 5.50 went to 6.20
RAME would've been a good call (1.86 open to 1.98 in last 15 mins spike)
No idea why PEET moved up 9%.
Solar did incredible (FSLR, CSIQ, TGE, all 7%+)

Starbucks is in talks with Peets to buy them. That is pure sacrilige but good for the stock price i guess!

[PoorHomey]

No trades today.

My day absolutely sucked. I had my annual review @ work, received a bonus, and got a 2.4% pay raise.

Spent the rest of the day talking myself out of telling my boss to go _u_k himself...

[maxi]

Mar 15, 2011 17:27:12 GMT -5 PoorHomey said:

No trades today.

My day absolutely sucked. I had my annual review @ work, received a bonus, and got a 2.4% pay raise.

Spent the rest of the day talking myself out of telling my boss to go _u_k himself...

And that made you mad because? Or is there a need for a sarcasm meter in your post??? Congrats on the raise and bonus!

[tajmahal9898]

Lost my ass in the market today -- CSCO short 18 March puts really killed me..

Sold CSCO 18 April puts in the morning, bot to close CSCO 18 March puts.. in the process realized large loss but then also collected more premium on the CSCO short April 18 puts.... I sooooo want CSCO to go over 18 so that I can get out of the short puts..

SOXL and FNSR (my two other major holdings) were down too..

[sloop]

bought 10K of CRUS at open and sold for a gain of 7K and bought 15K of F still holding VLNC is holding like a champ. its my million dollar maker one day soon. I just know it. I always post my buys I don't think anyone listens however. This past week I am in the green about 28K for about four days. I love the volatility

[papasloth]

Depending on the industry, 2.4% is kind of an insult. Less so this year with low inflation and the poor economy, but still. When I worked for a living, 4% was just average.

[sloop]

PS. I have decided to look for a job...I cant take the stress and I need to show my family love again The market does not allow me to do that. Anyone here in the L.A. area have a place for me. I can send RESUME. I am not proud. I will deliver mail or pick up dog poop.
I sold Real estate, worked in many banks and have managed people. I AM SERIOUS. I need to get off the merry go round.

[jack]

Mar 15, 2011 17:39:27 GMT -5 sloop said:

PS. I have decided to look for a job...I cant take the stress and I need to show my family love again The market does not allow me to do that. Anyone here in the L.A. area have a place for me. I can send RESUME. I am not proud. I will deliver mail or pick up dog poop.
I sold Real estate, worked in many banks and have managed people. I AM SERIOUS. I need to get off the merry go round.

I'm an accomplished dogpoop picker-upper myself.

[PoorHomey]

Mar 15, 2011 17:28:52 GMT -5 maxi said:

And that made you mad because? Or is there a need for a sarcasm meter in your post??? Congrats on the raise and bonus!

No sarcasm - I think what was left of my morale has finally eroded completely, and my overall feelings of disdain for my manager as well as my colleagues have reached levels that I can no longer tolerate.

[jack]

Mar 15, 2011 17:42:54 GMT -5 PoorHomey said:

Mar 15, 2011 17:28:52 GMT -5 maxi said:

And that made you mad because? Or is there a need for a sarcasm meter in your post??? Congrats on the raise and bonus!

No sarcasm - I think what was left of my morale has finally eroded completely, and my overall feelings of disdain for my manager as well as my colleagues have reached levels that I can no longer tolerate.

You are the kind of guy, PH, who's gonna have to start something on yer own to be happy. This is the best time to do it too - just undercut the lowest bidder and build up the clientele.

[mihai]

Mar 15, 2011 17:39:27 GMT -5 sloop said:

bought 10K of CRUS at open and sold for a gain of 7K and bought 15K of F still holding VLNC is holding like a champ. its my million dollar maker one day soon. I just know it. I always post my buys I don't think anyone listens however. This past week I am in the green about 28K for about four days. I love the volatility

Mar 15, 2011 17:39:27 GMT -5 sloop said:

PS. I have decided to look for a job...I cant take the stress and I need to show my family love again The market does not allow me to do that. Anyone here in the L.A. area have a place for me. I can send RESUME. I am not proud. I will deliver mail or pick up dog poop.
I sold Real estate, worked in many banks and have managed people. I AM SERIOUS. I need to get off the merry go round.

Hey Sloop, keep it up, I'm following you, man. You got great ideas and make good moves. Very interested in VLNC, took it for a spin from 1.48 to 1.57, looking to jump back in soon.

I want to read your posts everyday, but go for what'll make you happier. BOL finding a job. Move out here to DC, government is always hiring, lol. At least you have a way to take advantage of the companies screwing people out of jobs for profit margins.

[crumbdon]

Opened up my FAS this morning and shed big, ugly, man-tears. Then I opened up my NFLX and the tears quickly dried up. Too bad I had $20K of FAS and only $10K of NFLX, but that still kept me flat on a day that otherwise might have had me staring (if only for a moment) off the rooftop!
Hope all you marvelous Fastopians survived today. GL tomorrow!

[jack]

Mar 15, 2011 18:23:01 GMT -5 mihai said:

Mar 15, 2011 17:39:27 GMT -5 sloop said:

bought 10K of CRUS at open and sold for a gain of 7K and bought 15K of F still holding VLNC is holding like a champ. its my million dollar maker one day soon. I just know it. I always post my buys I don't think anyone listens however. This past week I am in the green about 28K for about four days. I love the volatility

Mar 15, 2011 17:39:27 GMT -5 sloop said:

PS. I have decided to look for a job...I cant take the stress and I need to show my family love again The market does not allow me to do that. Anyone here in the L.A. area have a place for me. I can send RESUME. I am not proud. I will deliver mail or pick up dog poop.
I sold Real estate, worked in many banks and have managed people. I AM SERIOUS. I need to get off the merry go round.

Hey Sloop, keep it up, I'm following you, man. You got great ideas and make good moves. Very interested in VLNC, took it for a spin from 1.48 to 1.57, looking to jump back in soon.

I want to read your posts everyday, but go for what'll make you happier. BOL finding a job. Move out here to DC, government is always hiring, lol. At least you have a way to take advantage of the companies screwing people out of jobs for profit margins.

Sloopy's one of THE BEST, if not THE BEST traders on this Board....and I truly mean that.

Sorry Sloopy - Cashfilly's got it over you I just remembered her...but she's rarely on the Board so.....

[exabi]

Mar 15, 2011 17:42:54 GMT -5 PoorHomey said:

Mar 15, 2011 17:28:52 GMT -5 maxi said:

And that made you mad because? Or is there a need for a sarcasm meter in your post??? Congrats on the raise and bonus!

No sarcasm - I think what was left of my morale has finally eroded completely, and my overall feelings of disdain for my manager as well as my colleagues have reached levels that I can no longer tolerate.

I had one great boss during my career..he was technically savvy...you could not bullshit him...he watched out for his engineers - he would take the heat for your efu's (if you told him about them first). After he got reassigned due to a confrontation with the CEO during a communications meeting, it went downhill from there...yes man, clueless, climber, and the last one was just scared.

[Clinton SPX]

Mar 15, 2011 15:14:37 GMT -5 Clinton SPX said:

I caught an oily knife 3 min before the close
Long MXC, Im up 1% in 3 min hehe

look for oil to drop to 90 now

Oil collapsing, im not surprised

[sloop]

Mar 15, 2011 18:23:01 GMT -5 mihai said:

Mar 15, 2011 17:39:27 GMT -5 sloop said:

bought 10K of CRUS at open and sold for a gain of 7K and bought 15K of F still holding VLNC is holding like a champ. its my million dollar maker one day soon. I just know it. I always post my buys I don't think anyone listens however. This past week I am in the green about 28K for about four days. I love the volatility

Mar 15, 2011 17:39:27 GMT -5 sloop said:

PS. I have decided to look for a job...I cant take the stress and I need to show my family love again The market does not allow me to do that. Anyone here in the L.A. area have a place for me. I can send RESUME. I am not proud. I will deliver mail or pick up dog poop.
I sold Real estate, worked in many banks and have managed people. I AM SERIOUS. I need to get off the merry go round.

Hey Sloop, keep it up, I'm following you, man. You got great ideas and make good moves. Very interested in VLNC, took it for a spin from 1.48 to 1.57, looking to jump back in soon.

I want to read your posts everyday, but go for what'll make you happier. BOL finding a job. Move out here to DC, government is always hiring, lol. At least you have a way to take advantage of the companies screwing people out of jobs for profit margins.

Mihai Thank you for the complement. I don't get taken serious because I am a troublemaker on the board. I think I am because I really don't like trading anymore. I have come to realize that it takes me away from life in general so I have slowly over the years thought of it as a thief of precious life and my emotions are not my own they are the markets.